Global Politics

'Cash for Clunkers' Cashed Out

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We've heard it before, but this time it might just stick: The Department of Transportation announced yesterday that the popular Cash for Clunkers program, which allows you to trade in your old gas-guzzler for up to $4500 towards a new fuel efficient car, is done as of Monday, August 24th. Although Congress added $2 billion to the program just weeks ago, the program's popularity means the money has run out far sooner than expected. To explain what is happening we talk to Micheline Maynard, senior business correspondent for the New York Times. We also talk to Brian Willian, the sales manager at Albany Honda in Georgia. He is awaiting a check from the government to reimburse him for the clunkers he's paid for under the program.

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